Morgan Stanley: If the trade war escalates, a recession will be here in 9 months
CNBC | Mon, Aug 5, 2019
by Michael Sheetz
If the U.S. continues to raise a wall of tariffs on Chinese goods in the coming months and China responds, expect a global recession in three quarters, Morgan Stanley said Monday.
“As we view the risk of further escalation as high, the risks to the global outlook are decidedly skewed to the downside,” Morgan Stanley chief economist Chetan Ahya said.